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Trading without stop loss
Dec 23, 2020 at 15:57
Membre depuis Jul 19, 2020
posts 751
Trading without stop loss is possible if you have that type of skills and strategy. Many people do hedging as a risk management policy instead of stop loss. Some do not use any of them. It is all about how much skilled you are. And what you are comfortable with. You have to find out your strength by yourself.
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Dec 31, 2020 at 12:55
Membre depuis Jul 19, 2020
posts 298
There is huge possibility of losing your money very quickly. That's why some people are scared of investing in forex trading. Even after that everyday millions of people are trading. And it is not necessary that everyone should do trading. There are many other business one can do. And many people are doing great with other business.
Membre depuis Feb 19, 2017
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Membre depuis Aug 27, 2017
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Jan 01, 2021 at 15:48
Membre depuis Aug 27, 2017
posts 121
As long as you are very disciplined, it can be done. I don't add any stop loss on a per trade basis on one of my accounts but on the account drawdown. If I met a drawdown of say 20%, then my trading bot will close all orders, and start all over again. I have some trading bots that have stop loss on every trade as well. It depends on your backtest and research. It also depends on one person's psychology and discipline.
Trading is a marathon, not a sprint.
Jan 02, 2021 at 05:02
Membre depuis Dec 11, 2020
posts 110
Trading without Stop Loss can be done, obviously, but just to be on the safer side, you would want to trade with stop loss to avoid the losses. You can consider the input of risk and money management to make a proper trading without using stop loss mechanism.
Membre depuis Jul 23, 2020
posts 869
Jan 02, 2021 at 05:28
Membre depuis Jul 23, 2020
posts 869
robindude posted:Market works in mysterious way. So, it is better to prepare to avoid loss for any uncertainty.
Trading without Stop Loss can be done, obviously, but just to be on the safer side, you would want to trade with stop loss to avoid the losses. You can consider the input of risk and money management to make a proper trading without using stop loss mechanism.
Membre depuis Jul 20, 2020
posts 298
Membre depuis Jun 30, 2020
posts 47
Jan 11, 2021 at 10:17
Membre depuis Jun 30, 2020
posts 47
I think under no circumstances should stop loss not be used, it really is not worth the risk. I have suffered massively in the past when I was too casual and paid the price in terms of losing all my profits. I have made a fresh start with IB and fxview and vowed to never not use sl.
Membre depuis Aug 27, 2017
posts 121
Jan 11, 2021 at 10:20
Membre depuis Aug 27, 2017
posts 121
Gleywilleyy posted:The problem here is it's based from your own experience and it may not be the same with others. Though I understand the importance of SL. As I've mentioned before it would depend on the strategy you use and how focused you are when trading. I do have an account with a stop by overall % of drawdown on all trades but not on a per trade basis. But I have another account where I use SL on all trades. It really based from your backtest, research, and forward testing. It's also a personal preference I guess.
I think under no circumstances should stop loss not be used, it really is not worth the risk. I have suffered massively in the past when I was too casual and paid the price in terms of losing all my profits. I have made a fresh start with IB and fxview and vowed to never not use sl.
Trading is a marathon, not a sprint.
Jan 11, 2021 at 10:56
Membre depuis Apr 15, 2020
posts 219
Trading without stop loss is okay if you are going to stick to your trading screen through out your positions are open. If you are planning to leave your trades unattended, use of stop loss is must.
The more your practice, the more you learn.
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